PowerTrade (PTF) listing on Bitmax Thursday 24th

[Anonymous No.22712184]

Who else is also waiting for the Bitmax listing on the 24th? 4M tokens in circulation at first, 25M to be released over the next 3 months. It will be listed at 0.2, making PTF worth $800k marketcap at release, even if the full undiluted cap is actually 80m since the total supply is 400M.

Presales prices were :
>0.09/tokens gradually unlocked in 24 months
>0.15/12 months
They all occurred on the same day. Differences were prices and the unlocking period.


Good points so far :
>4.7M USD raised by Pantera Capital : https://coindesk.com/new-bitcoin-options-app-raises-4-7-m-in-round-led-by-pantera-capital
>presale tokens locked up/gradually released everyday for the next 2 months at least
>people buying into the whitelist today ($100 minimum - $1000 cap) won't be able to sell for the 2 following months either, same system as the presalers
>meaning you have a chance to compete on an even playing field when this gets listed on Bitmax

About the project, it's basically trying to get a share of the options trading market for cryptocurrency, with its main gimmick being normalfag-friendly as possible, targeting mobile users first.
>low minimums, like $1
>options trading
>USDT pairs

Possible red flags :
>token is ERC-20, built on the ETH Network meaning fees will sooner or later become a problem unless Vitalik finally decides to stop being a hack
>weird $1000 cap on the whitelisting sale
>While they have managed to raise as high as 4 Million USD, it's doubtful whether they'll manage the money well
>PTF treasury is managed by the DAO
>"PowerTrade, to empower users with a powerful trading experience"

I think I covered everything. What does /biz/ think?

[Anonymous No.22712199]

Here's the pic showing the circ supply over the next 5 years

[Anonymous No.22712228]

And here is the presale pic.
Presale took place near the end of August, hence why I said they had 2 months or so. But we can't actually tell how many of the tokens bought were unlocked since then, especially for large buyers. So we might see a bit of a negative price action when it gets listed

[Anonymous No.22712578]

Give me an actual reason as to why I should buy this. Listing buy orders will probably be instantly filled by bots